"MediTract was instrumental in setting up a new process and new policies for finalizing and managing our agreements. The hospital has had the system since 2006. At first, we used it solely as a repository for all our contracts, but it has evolved into a daily operations tool. The integration of MediTract as part of our process has improved the creation, review, approval and management of contracts and has increased department collaboration throughout our organization. We even store our corporate documents in the database," Huthnance said.
Miami Children's Hospital saw the importance of making sure compliance with contract terms is met in respect to its performance of daily operations as well as with the parties with whom the contracts concern. MediTract enables Miami Children's Hospital and other healthcare providers to easily access and review contracts and other binding agreements in a timely, easy-to-use manner.
"One of the greatest features of the product is the ability to alert us to contract critical and expiration dates. Many of the contracts we had in place had auto renew clauses. With so many different contracts, it was hard to know what was coming due. Now, we know well in advance, and we can be proactive in contacting the vendor and renegotiating the terms of our contracts," Huthnance said. "We also use the system to create monthly reports that show what contracts are about to expire, and then senior management can determine if those agreements should be renewed."
Miami Children's Hospital has also been able to restrict access to various contracts, ensuring that confidentiality is maintained throughout the system. New agreements are reviewed by senior management and the legal department and are kept in one centralized location until a signed contract is complete.
"We know that every single contract is being thoroughly reviewed by the
|SOURCE MediTract, Inc.|
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